Business and Investment
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Nickel downstreaming impoverishes people, damages environment: Trend Asia
Nickel downstreaming, which is relied on and revered by the government as a surefire move, potentially damages the environment and impoverish the poor amid the intertwining natural resources, a study by Trend Asia reveals.
Economic conditions of two World giants that worry Sri Mulyani
Indonesian Minister of Finance Sri Mulyani Indrawati has been carefully monitoring the global economic situation, which is predicted to continue to slowing down in 2024.
Tik Tok completes US$2.3 B investment in Tokopedia
PT GoTo Gojek Tokopedia (GOTO) has officially announced the completion of TikTok's US$ 2.3 billion (IDR 36.2 trillion) investment in Tokopedia, following an agreement reached on December 11, 2023.
Activists questions government’s renewable energy commitment
The Civil Society Coalition for Clean Energy questions the Indonesian government's serious commitment to transitioning to renewable energy following the government’s plan to revise the renewable energy target down to 17-19 percent by 2025 as stated in the revised draft of the National Energy Policy (KEN). Earlier the government’s target was set at 23 percent.
PTBA's aggressive development of Solar Power plants to boost renewable energy
PT Bukit Asam (PTBA), a member of the MIND ID Group in the coal mining sector, continues to drive its business processes through technological innovation in the use of renewable energy.
Agincourt commits Rp457 B for Martabe Gold Mine closure by 2033
Mining company PT Agincourt Resources has allocated a commitment of approximately US$29 million or equivalent to Rp457.91 billion for the closure of the Martabe Gold Mine area in North Sumatra, after the contract ends in 2033.
OIKN unveils key projects under Phase 5 construction
The Nusantara Capital Authority (OIKN) has revealed that a number of projects will soon be built under Phase 5 of the IKN groundbreaking momentum in February 2024.
OIKN optimistic on investment in Nusantara capital
Head of the Nusantara Capital Authority (OIKN) is confident that simultaneous elections in various parts of the world this year will not affect investors' interest in investing in the Nusantara Capital City (IKN). There are at least 57 countries that will hold elections in 2024, including Indonesia, South Africa, the United States, India, England, and several European countries.
ESDM says over 300 coal miners’ work plans and budgets await verification
The Ministry of Energy and Mineral Resources (ESDM) has approved more than 480 out of 800 Work Plans and Budget Costs (RKAB) of coal mining companies to date.
Experts call for comprehensive roadmap in mining downstreaming
The topic of mining downstreaming has become a heated discussion among presidential and vice-presidential candidates in Indonesia. Presidential candidate number 3, Ganjar Pranowo, recently argued that the more appropriate term for Indonesia's current condition is "smelterization" rather than downstreaming.
Vale Indonesia's divestment still ongoing
The divestment process of PT Vale Indonesia (INCO) shares has not been completed, yet the Ministry of Energy and Mineral Resources (ESDM) ensures that process is still ongoing.
Nusantara authority targets Rp 100 trillion investments in 2024
Bambang Susantono, Head of the Nusantara Capital Authority (OIKN), has revealed ambitious investment targets for the new capital city in 2024, reaching up to IDR 100 trillion (US$ 6.3 billion).